Baku, Azerbaijan, Oct. 8
By Rashid Shirinov – Trend:
Kazakh companies will supply confectionery and agricultural products to Mongolia, Kazakh media outlets reported.
The relevant agreements were reached at an event titled “Trade and Economic Mission of Kazakhstan to Mongolia”, which was held on October 4-5 in Ulaanbaatar.
The meeting was organized by the Kazakh Ministry for Investments and Development, Embassy of Kazakhstan in Mongolia, National Chamber of Entrepreneurs Atameken, Kazakhstan Foreign Trade Chamber and the Mongolian National Chamber of Commerce and Industry.
The Kazakh delegation consisted mainly of representatives of the food industry, in particular manufacturers of confectionery and fat-and-oil products as well as the construction industry. Representatives of more than 40 Mongolian companies took part in the meeting.
Nuraly Bukeikhanov, Deputy Chairman of Kazakhstan Foreign Trade Chamber, noted that economic cooperation between the countries is strengthening.
"Mongolia, as a country with a developing economy, has great prospects for the development of bilateral cooperation in the field of infrastructure, energy, as well as education and culture. Trade relations between our countries are becoming stronger," he said.
"Kazakhstan Foreign Trade Chamber can assist Mongolian businessmen in finding reliable and bona fide partners in all sectors on the territory of Kazakhstan,” Bukeikhanov pointed out.
During the meeting, the business communities of the two countries discussed promising issues of bilateral cooperation in the field of investment, logistics and trade. Bayan Sulu food company and Eurasian Foods Corporation signed distribution agreements for the supply of confectionery and fat-and-oil products to Mongolia.
Presently, Kazakhstan is one of the main suppliers of tobacco products and rapeseed to Mongolia. Moreover, Kazakhstan supplies flour and hygiene products and detergents to the country.
The trade turnover between the two countries amounted to $74.8 million in 2017, of which $72.5 million accounted for Kazakhstan's exports to Mongolia. During the five months of this year, the trade turnover reached $28.8 million, including Kazakhstan's exports of $28 million.